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TMI BlogWinding up of LLPX X X X Extracts X X X X X X X X Extracts X X X X ..... Respected All, Kindly explain me Is it possible as per LLP Act Rules to proceed for wind up of LLP by only one Partner, if the another partner is not taking interest in its LLP to run or winding up and he is in abroad too. - Reply By Pradeep Khatri - The Reply = Dear Chandramauli, Please go through Section 63 of the LLP Act, 2008 read with Limited Liability Partnership (Wind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing up and Dissolution) Rules, 2010 in this regard. Regards, Team YAGAY SUN - Reply By MARIAPPAN GOVINDARAJAN - The Reply = Rule 5 of LLP (Winding up and Dissolution) Rules, 2010 provides the voluntary winding up as detailed below: Circumstances in which LLP may be wound up voluntarily 05. (1) Any LLP may be wound up voluntarily if the LLP passes a res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... olution to wind up the LLP with approval of at least three-fourths of the total number of its partners : Provided that where the LLP has creditors, whether secured or unsecured, the winding up shall not take place unless approval of such creditors takes place in pursuance of rule 7. (2) A copy of the resolution shall be filed with the Registrar within thirty days of passing of such resolut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion in Form No. 1. You cannot proceed to winding up of LLP. - Winding up of LLP - Query Started By: - Chandramauli Dwivedi Dated:- 20-6-2014 Corporate Laws / SEBI / LLP - Got 2 Replies - Companies Law - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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